Can you Talk the Talk:

Economics Jargon!

Directions: match each term with its economics definition

a. cradle-to-grave b. crowding out

c. dump d. Dutch auction

e. dynamic scoring f. G-7

g. hog-corn ratio h. invisible hand

i. laissez-faire j. money illusion

k. parallel economy l. psychic income

m. safety net n. seignorage

o. tequila effect p. voodoo economics

_____1. The profit made by government from the production and distribution of coins and currency.

_____2. To sell in foreign markets at prices lower than in domestic markets.

_____3. Theory that government borrowing increases interest rates and reduces business investment.

_____4. The impact of a decline in Mexican financial markets on the rest of Latin America.

_____5. Socialism

_____6. George Bush’s description of Ronald Reagan’s economic proposals.

_____7. Economic forecast that budget decreases will increase economic activity resulting in further reducing budget deficits.

_____8. Non-monetary satisfaction from a work activity.

_____9. Selling technique used for U.S. Treasury securities.

_____10. A relationship between costs and prices received used to determine production decisions.

_____11. Free markets

_____12. Situation where income increases less than inflation.

_____13. Informal, underground markets

_____14. Power of competitive markets to generate efficiency

_____15. Industrialized nations that coordinate economic policies.

_____16. Social welfare programs